ALPS ALPINE CO., LTD.
6770・Prime Market・Electric Appliances
Components Business
A revenue-base segment that manufactures and sells electronic components such as switches and actuators
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year, FY2026 (ending March 2026)) | ¥358,365 million | ¥348,013 million | ↑ |
| Operating income (full year, FY2026 (ending March 2026)) | ¥30,168 million | ¥30,397 million | ↓ |
| Operating margin (full year, FY2026 (ending March 2026)) | 8.4% | 8.7% | ↓ |
| Segment assets (end of FY2026 (ending March 2026)) | ¥147,833 million | ¥146,707 million | ↑ |
| Sales to Apple Inc. (FY2026 (ending March 2026)) | ¥236,625 million | ¥228,631 million | ↑ |
| Depreciation and amortization (full year, FY2026 (ending March 2026)) | ¥14,831 million | ¥17,115 million | ↓ |
| Increase in tangible and intangible fixed assets (FY2026 (ending March 2026)) | ¥22,841 million | ¥17,293 million | ↑ |
Business Details
A business that manufactures and sells electronic components including Switches, Actuators, and Haptic Devices. It operates across three markets: the automotive market (Tier 1 and Tier 2), the mobile market (mainly for major smartphone manufacturers), and the consumer market (gaming devices, etc.). Apple Inc. is a major customer, with sales to Apple Inc. reaching ¥236,625 million in FY2026 (ending March 2026). Under the Medium-Term Management Plan 2027, this segment is positioned as the one responsible for maintaining and expanding the earnings base.
Recent Overview
Net sales rose 3.0% year on year, but operating income declined slightly due to changes in product mix and rising material costs
In the Components Business for FY2026 (ending March 2026), sales increased in the mobile market (sales to Apple Inc. of ¥236,625 million), the consumer market (gaming devices and other electronic components), and the automotive market, resulting in net sales of ¥358,365 million (up 3.0% year on year). On the other hand, changes in product mix and rising material prices squeezed profits, leading to a slight decrease in operating income to ¥30,168 million (down 0.8% year on year). For FY2027 (ending March 2027), while a decline is expected in consumer devices (for gaming), net sales are expected to increase due to growth in the mobile market and steady performance in the automotive market; however, operating income is expected to decrease due to soaring raw material costs such as base metals (forecast: net sales of ¥398,000 million, operating income of ¥28,000 million).
Key Products
Growth Drivers
- Continued expansion of demand in the mobile market for Apple Inc. (FY2026 (ending March 2026) sales of ¥236,625 million, up 3.5% year on year)
- Steady performance of the Tier 2 business for the automotive market (growth in a wide range of inquiries including from Chinese automakers)
- Expanding demand for other electronic components in the consumer market
- Expected increase in mobile market products toward FY2027 (ending March 2027)
- Efforts to improve variable costs and profitability through cost structure reform
Risks
- Risk of sales concentration in Apple Inc. (single-customer dependency accounting for 66.0% of FY2026 (ending March 2026) net sales)
- Deterioration of cost ratio due to soaring raw material costs such as base metals (explicitly cited as a factor reducing operating income in FY2027 (ending March 2027))
- Risk of rising variable cost ratio due to changes in product mix (already materialized in FY2026 (ending March 2026))
- Declining demand in the consumer market (for gaming devices) (expected to decline in FY2027 (ending March 2027))
- Supply chain disruption due to geopolitical risks such as additional US tariffs
- Intensifying technology commoditization and competitive entry in the mobile market
Last updated: June 18, 2026